Correction at last minute with a mere 60k lots by plunging 6% indicate some very negative trend. Seems like the rumour of 0.42 indeed is there. Next support at 0.360.
T3 or not, i not sure. But, my experience tell me, a stock with relatively small market capital, added with drastic drop over last minute with low volume, indicate a bad news. I personally hold some in ijacobs, most importantly, i am a late comer.
by Kenanga Yesterday, IJACOBS advanced 3.5 sen to end at RM0.425. The share price underwent a sharp rally last month after IJACOBS announced its venture into the oil and gas industry through a reverse takeover (RTO). From a technical perspective, IJACOBS’s share price resembles the “Bullish Flag” chart pattern when the share price has penetrated the upper trend line resistance at RM0.40. Readings from the indicators suggest that buying momentum is healthy, and we suspect that another bullish move could be underway. Traders who are looking to buy into the stock could aim for RM0.56 (3 bids below the Flagpole measurement objective), while placing a stop-loss at RM0.37.
with the powerful people behind this company who is very well verse in the O&G industry, I see brighter future ahead. I am still holding for more movements.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
tssl74
531 posts
Posted by tssl74 > 2014-06-25 15:19 | Report Abuse
thanks Bursamaster!
Heard ur advice from Inari forum...so bought abit :)